Last dividends of the month

July was a pretty decent month for my portfolio. For starters, 40-plus companies rewarded me with dividends as a “thank you” for investing in them. On top of that, I made a handful of purchases that ensured I’d be paid a little more in the future.

Monday was a perfect example as I closed the month with a pair of purchases and another couple dividend payments.

Purchases

I scooped up a share of NRZ, a mortgage REIT, for $16.77. The purchase bumped my position up to two shares at an average cost of $16.06. Its been hovering between its 52-week high and lows, but is a bit closer to the high side at the moment.

NRZ isn’t cheap, but I’m cool with buying at the current price.

Good earnings numbers, a yield of 12.47% and P/E ratio under 8 make it hard to pass up no matter the price. The current annualized dividend is $2, so I can expect another $0.50 to come my way every quarter for the foreseeable future.

We all pretty much know what F is all about these days. I bought a share for $11.15 Monday, giving me a new position of two shares at an average cost of $11.80. The stock’s near its 52-week low thanks to significant management shifts and fears car sales have kinda peaked at this point.

Personally, I think Ford will be fine long term. It’s putting tons of money into autonomous cars. That said, whatever the next breed of car may be, Ford will be selling them.